India has overtaken the United Kingdom (UK) to become the 5th largest economy in the world and now America, China, Japan, Germany are ahead of India.
According to the International Monetary Fund (IMF), India has made progress in becoming the 5th largest economy in the last 3 months of 2021.
According to GDP data from IMF, India has increased its growth in the 1st quarter. The Indian economy is projected to grow by over 7% in 2022.
On the basis of nominal cash as per dollar exchange rate, the size of the Indian economy has increased to $ 854.7 billion in the March quarter, compared to $ 816 billion of the Britain economy on the same basis.